Chapter 11 is for businesses and individuals and allows you to:

Prevent foreclosure of valuable real estate property long enough to either sell or develop the property.

Protection from Creditors and Tax Levies

End Creditor collections

Reduce Monthly Operating Expenses

Restructure your debt to a manageable level

Chapter 12

Primarily for family farmers and is a hybrid between a Chapter 11 and Chapter 13 bankruptcy. It provides similar legal options, however you must meet certain eligibility to qualify.

Chapter 13 allows you to:

Make a reasonable monthly payment based on your income and expenses, not on your debt

Save your home from foreclosure

Completely eliminate second mortgages and equity lines and keep your home

Retain all your assets

Stop harassing collection calls

As you can see, whatever your situation is, there is a legal option to assist you. The bankruptcy lawyer from the Law Office of Robert W. Kovacs, Jr. would like the opportunity to meet with you and discuss your situation. Then together we will be able to determine the best way to proceed for you, bringing the most reasonable resolution to you, your family and your future. Once we carefully review your financial situation we will be able to properly advise you regarding the type of bankruptcy filing you may be eligible for. Contact our office to find out what you qualify for.